6 surprising things people always get wrong about American millionaires

The habits and tastes of millionaires are fascinating to those of us with less-than-seven figure bank accounts.

According to a report on American millionaires by Wealth Engine, about 7% of the U.S. adult population has a net worth greater than $1 million.

Below, we've highlighted some interesting facts about rich Americans that may surprise you, from the type of car they drive to their political affiliations.

6 things people get wrong about US millionaires
See Gallery
6 things people get wrong about US millionaires
They're not all filthy rich. In fact, 95% have a net worth between $1 million and $5 million.
More rich Americans identify as Democrat (58%) than Republican (38%).
They don't only drive luxury cars. Ford is the second most popular car brand behind Mercedes and ahead of BMW.

New York City and Los Angeles don't have the most millionaire residents.

Miami Beach's 33109 ZIP code actually has the highest saturation of millionaires in the U.S.

Very few own private jets. Only 1% of millionaires own a private plane, but 3% own boats.
They're not bachelors and bachelorettes. Almost 94% of American millionaires are married.

See Also:

SEE ALSO: According to one estimate, wealthy couples in NYC need $190 million to keep their heads above water

DON'T MISS: Time is a CEO's most valuable resource — here are all the people the .01% hire to keep their households running smoothly

Read Full Story

Can't get enough personal finance tips?

Sign up for Finance Report by AOL and get everything from consumer news to money tricks delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.